Gross capital formation (% of GDP) — all countries

Gross capital formation (% of GDP) — Ghana

Gross capital formation (% of GDP) in Ghana in 2024 — 9.9%. Ranked 161 in the world out of 169. Since 1960, the indicator has fallen by 14.5 pp.

2024 9.9% −0.2 pp vs 2023
World rank 161of 169
Period maximum 29%2005
Period minimum 6.9%1984

Trend over time

1960–2024 · % of GDP

Gross capital formation (% of GDP) — Ghana, 1960–2024010203019601967197419811988199520022009201620231960: 24.4%1961: 20.1%1962: 17.1%1963: 18.7%1964: 19.5%1965: 17.9%1966: 12.8%1967: 10.3%1968: 11.1%1969: 11.8%1970: 14.2%1971: 14.1%1972: 7.1%1973: 9%1974: 13%1975: 12.7%1984: 6.9%1985: 9.6%1986: 9.4%1987: 10.4%1988: 11.3%1989: 13.2%1990: 14.4%1991: 15.9%1992: 12.8%1993: 22.2%1994: 24%1995: 20%1996: 21.2%1997: 24.8%1998: 23.1%1999: 21%2000: 24%2001: 26.6%2002: 19.7%2003: 22.9%2004: 28.4%2005: 29%2006: 22.5%2007: 15.4%2008: 16.5%2009: 16.4%2010: 13.1%2011: 12.8%2012: 17%2013: 24.8%2014: 27.2%2015: 27.7%2016: 25.5%2017: 19.6%2018: 21.7%2019: 18.6%2020: 18.2%2021: 17%2022: 16.4%2023: 10.1%2024: 9.9%
Change over the period: −14.5 pp Annual average: -0.23 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Ghana

Ghana 9.9%
World 26.3%
Western Africa computed 22.1%
Gross capital formation (% of GDP) — Ghana, by year Ghana All countries CSV XLSX
Year % Change, pp
2024 9.9 −0.2 pp
2023 10.1 −6.3 pp
2022 16.4 −0.6 pp
2021 17 −1.2 pp
2020 18.2 −0.4 pp
2019 18.6 −3.1 pp
2018 21.7 +2.1 pp
2017 19.6 −5.9 pp
2016 25.5 −2.3 pp
2015 27.7 +0.5 pp
2014 27.2 +2.4 pp
2013 24.8 +7.8 pp
2012 17 +4.2 pp
2011 12.8 −0.3 pp
2010 13.1 −3.3 pp
2009 16.4 −0.1 pp
2008 16.5 +1.1 pp
2007 15.4 −7.1 pp
2006 22.5 −6.5 pp
2005 29 +0.6 pp
2004 28.4 +5.4 pp
2003 22.9 +3.2 pp
2002 19.7 −6.9 pp
2001 26.6 +2.6 pp
2000 24 +3 pp
1999 21 −2.1 pp
1998 23.1 −1.7 pp
1997 24.8 +3.6 pp
1996 21.2 +1.2 pp
1995 20 −3.9 pp
1994 24 +1.7 pp
1993 22.2 +9.4 pp
1992 12.8 −3.1 pp
1991 15.9 +1.4 pp
1990 14.4 +1.2 pp
1989 13.2 +1.9 pp
1988 11.3 +0.9 pp
1987 10.4 +1.1 pp
1986 9.4 −0.2 pp
1985 9.6 +2.7 pp
1984 6.9
1975 12.7 −0.3 pp
1974 13 +4 pp
1973 9 +1.9 pp
1972 7.1 −7 pp
1971 14.1 −0 pp
1970 14.2 +2.4 pp
1969 11.8 +0.7 pp
1968 11.1 +0.8 pp
1967 10.3 −2.5 pp
1966 12.8 −5 pp
1965 17.9 −1.6 pp
1964 19.5 +0.8 pp
1963 18.7 +1.6 pp
1962 17.1 −3 pp
1961 20.1 −4.3 pp
1960 24.4

About the indicator

Gross capital formation as a percent of GDP: outlays on fixed assets (buildings, structures, machinery, transport equipment, infrastructure), changes in inventories of material working assets and net acquisition of valuables. A steadily high rate of capital formation is a necessary condition for fast growth: during the economic surges of East Asia the indicator exceeded 35–40% of GDP.

Source: World Development Indicators (World Bank), license CC BY 4.0.